The Daily Slovak News
Posted by on 14 Sep 2010. Filed under Current Affairs, Top news. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Tax collection well short of target

So far this year the tax collection rate in Slovakia is 11.3% under initial projections.

In the first 8 months a total of around EUR 5.1 billion was collected in taxes, while original estimates talked about EUR 647.70 million more.

The level of tax audit fines, which came to EUR 592,109, was down the most compared to projections as it was almost 52% short. Income-tax levies worth EUR 881.18 million meant a shortfall of 41%. Compared to the same period last year, the overall volume of tax receipts was down 23.4%.

The state planned to collect a total of EUR 8.62 billion this year, but by the end of August it had reached just 40.85% of the target.

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